Mahindra Satyam to invest US$240 million over three years

Zafar Anjum |
April 19, 2012

About 50 percent of the investments to be made in AP

Indian global IT services company Mahindra Satyam will invest S$300 million (US$240) globally over three years in infrastructure development and the majority of the investments will flow into the Asia Pacific region, said the company's CEO, C.P. Gurnani, at a media briefing today in Singapore.

The IT company that is awaiting government approval for its merger with Tech Mahindra is geared up for growth. We are bullish on our prospects and are expecting 30 percent growth from the Asia market, said Gurnani.

Gurnani and some of Mahindra Satyam's senior leaders were in Singapore today for a customer and analysts event, Futurescapes 2012.

Rohit Gandhi, Mahindra Satyam's managing director for the Asia Pacific,added that the IT services company is expecting major growth in Indonesia, Malaysia and Singapore.

"In the last three years, we have doubled our headcount," he said. The company's staff strength in the region is currently about 4,000.

The company has about 250 people in Indonesia and 1,200 in the Philippines, he said. There are major growth plans for Malaysia and headcount in that country could be doubled, he indicated.

Gandhi said Mahindra Satyam is venturing to break the ground in Vietnam, which is fast emerging as a market within the region. "We won two deals in Vietnam last year," he said. "We are planning to open a delivery centre in that country within a quarter or so."

The company has had some recent wins in the mobility and cloud area in Australia, he said.